Artificial Intelligence (AI) has emerged as one of the most transformative technologies influencing modern management practices. It is redefining how organizations operate, make decisions, and compete in dynamic environments. This research paper examines the integration of AI in management and explores emerging trends such as generative AI, agentic systems, augmented analytics, and intelligent automation. The study highlights how AI enhances efficiency, supports strategic decision-making, and drives innovation across industries. At the same time, it critically analyzes challenges such as ethical concerns, data privacy, workforce displacement, and implementation barriers. The paper concludes that AI is not a replacement for human managers but a strategic enabler that complements human intelligence, leading to a hybrid model of management.